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Recruitment in finance sector 'picks up'

A new poll has shown that hiring activity in the finance sector improved in the last month.

The number of online jobs available in finance, banking and insurance improved for the third consecutive month in April, the Monster Employment Index revealed, despite a slowdown in the global economy.

Head of economic research at Monster Worldwide Hugo Sellert said: "It is encouraging for potential jobseekers to see that demand in the financial sector remains relatively robust, despite continued turmoil in global credit markets and highly-publicised layoffs in banking."

An overall drop in online recruitment was reported by the index for the second month in a row, which could be due to seasonality, Mr Sellert suggested.

The Centre for Economic and Business Research recently upped its forecast of job losses in the City of London this year, indicating that 11,000 jobs could face the chop.